Genaro Network Review & Analysis

Summary:

Genaro Network is a global blockchain ecosystem development project based in Singapore.

Genaro has pioneered the concept of Blockchain 3.0, a platform built around the first Turing complete public chain with an integrated decentralized storage network. Blockchain developers will have a one-stop solution to deploy advanced smart contracts and store data simultaneously. The technological ecosystem will contribute to blockchain infrastructure development by establishing common standards for decentralized applications.

To support the growth of the ecosystem, Genaro Network will open and operate a series of real world hubs, with an internal token-based economic model including an in-house accelerator program, in places such as Singapore, Shanghai, and the Greater Bay Area. This combination of blockchain storage infrastructure, decentralized application standards, and a global network of hubs and accelerators will enable the incubation of hundreds, and then thousands, of decentralized applications built on the Genaro Network, becoming the first app store of the blockchain.

Genaro is part of the revolution to move from "Cloud" to “Blockchain!" Genaro believes that only when a blockchain can access and analyze big data in the real world can decentralized applications be as useful as Internet applications.

What is Genaro Network?

Genaro Network is the first Turing Complete Public Chain with Decentralized Storage Network, providing blockchain developers a one-stop solution to deploy smart contracts and store data simultaneously. Meanwhile, Genaro provides everyone with a trustworthy internet and a sharing community.

As the creator behind the blockchain 3.0 concept, Genaro aims to contribute to blockchain infrastructure technology development. Through the Genaro Hub and Accelerator, we aim to foster thousands of DAPPS, to move applications from "Cloud" to "Blockchain” and thereby create a global blockchain ecosystem.

Problem & Solution

At a basic functional level, the blockchain allows for the safety and security of immutable transaction records, creating transparency and accountability for all who are using the system. 3 There are many blockchains in existence, public and private, that provide this functionality.

Genaro may make use of such chains during the development phase of the Genaro Network. However, we believe that blockchains should be custom-built to purpose. So at a more complex strategic level, part of our plan has always been to create a new public chain as a critical part of the infrastructure of the Genaro Network.

The foundation overseeing the development of the network will have the ability to influence the future development of the chain. The chain will also have a unique development community to build new functionality.

Genaro Network is the first Turing-complete Public Chain with Decentralized Storage Network, a one-stop solution to deploy smart contracts and store data simultaneously. Genaro provides critical blockchain infrastructure for other blockchain-based solution providers as a replacement for cloud based storage.

We also provide secure storage for individuals. This section explains the basis for how that storage is provided to both providers and individuals

Token Economics:

Market Cap: 31%, a total of 217,000,000 GNX

Total Cap: $21,000,000

Conversion Rate: 3000 GNX/ETH.

ERC20 token: Yes

ICO End Date: Nov 30, 2017.

Token Release: Tokens distributed at end of ICO.

Team

As the project lead of Genaro, Larry is a serial entrepreneur with engineering background. He was once the security engineer in HP, Silicon Valley after graduating from Northwestern University, U.S.A. Larry has rich D&R experience in fields of blockchain and AI. He also has successfully launched several businesses and companies, including online education platform, technical consultant community and a digital cross-border transfer wallet.

As a key contributor to the Genaro, Jason brings a depth of knowledge and experience from more than 20 years in the technology industry as an executive and entrepreneur. He has an MBA from the Richard Ivey School of Business and also studied at CEIBS. Jason is also an accomplished writer with several books about China’s economy.His most recent book is called China 4.0 and he is also founder of the China Business Events meetup community.

As the chief technology officer of Genaro, Waylon has rich experience in blockchain technology.He was once the core technical member of Maxim Integrated, Silicon Valley. In 2015, He cofounded Rum Tech, a technology company in trade industry. He started Ethereum DAPP development early in 2015. His past Ethereum project obtained investment from Xiaoshan Government in 2016 and he had attended Consensus 2017 on behalf of Genaro.

As Genaro’s chief operating officer, Andrea has rich experience in marketing.She is a serial entrepreneur who successfully cofounded social enterprise LOHAUS, business consulting company ICT Learning and China Business Events, a community organization. She was an early devotee and impeller of the blockchain and is also skilled in marketing public relation, branding, organization & operation management and strategy making.

Roadmap (Business & Technical)

Strengths

The core team is solid in terms of academic background and has strong technical experience for DAPP development with 2 of the core developer's previously working at Google as data scientists and senior engineer.

GXN is backed by one of the biggest Chinese incubators, Chainbase / Wanxiang, BlockAsset.

Has strong advantages over blockchain 2.0 platforms such as Ethereum, Genaro plans to be much more robust so it can handle mass data like video and overcomes the current scaling issues.

The Genaro Network is designed as a one stop solution for DAPPS to store data and deploy smart contracts simultaneously - this unlocks exponential growth possibilities for blockchain for real world use without scaling issues.

Team Tokens are locked in for 2 years - which ensure's team members and the company is invested for the long term future and provides confidence for investors.

Weaknesses

Chinese participants and their contributions were refunded in the ICO due to regulations changes in China.

As the eco system is build around evangelists and community members, we may only witness moderate acceleration in growth of the network. Perhaps better incentives will incite a slightly more aggressive movement for the network to expand and gain more exposure.

The Genaro Network roadmap does not have a short term time horizon, it has big and has ambitious goals to develop the next version of blockchain and thus investors must be patient with this project.

Although unsold tokens will be rolled into a long term community fund with several years of lockup, the team have yet to announce how much of the tokens will be burned.

Our Verdict:

One of the flaws of today's current popular blockchain platform's (i.e. Bitcoin & Ethereum) is the difficulty of holding mass data, Genaro believes their innovation by bringing together an eco-system which focuses on smart contracts and storage to blockchain aka "Smart Storage", will evolve the landscape into something they believe is Blockchain 3.0.

We feel if they are able to execute, this is a huge stepping stone for the blockchain to reach the next level of scalability and unlocking the true potential of blockchain if it is to be integrated with better storage capabilities.

The Genaro Hub milestone which is listed in the roadmap makes the Genaro Network very exciting for the blockchain community. It meshes together co working and incubation work space to help teams and developers with their DAPP projects . There will be members of the GXN community working together to build and expand Genaro's vision.

With plans to launch these hubs and accelerator in key cities like London, Shanghai and Singapore for blockchain growth makes the potential of building thousands of DAPP's on the network very attainable and we could very well see one of the first blockchain app stores.

More importantly projects like Genaro Network are needed for the evolution of the blockchain space, offering services which encourage innovation and development on the current scaling issues of the blockchain which ultimately unlocks real world usage.

We feel this is hugely an undervalued DAPP blockchain platform which has very had very little exposure and has potential to play a big role in this market.

They have formed strong partnerships with NANYANG Technological University Singapore and also Fundan University in Shanghai, alongside a partnership and collaboration with STORJ. With a strong team, fair token metrics and clear objective to achieve the next level of innovation in the blockchain space, we feel this is a solid ICO investment with a long term horizon.

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About Us

We are fast becoming the authority hub for all ICO, Crypto and Blockchain news. Our mission is to help and bring accurate and transparent educational content on blockchain, crypto assets and ICO's to fellow crypto enthusiasts.